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Mozambique LNG is one of several projects being developed in the country’s northern most province of Cabo Delgado after one of the biggest gas finds in a decade off its coast. Together, the projects are worth some $60 billion. The project includes direct/covered loans from eight credit agencies , 19 commercial banks, and a loan from the African Development Bank. Sealing the Total project financing is a win for Mozambique’s government as it tackles security challenges.
